The 5 Best Colorado Sports Betting Sites & Apps: The Latest Bonus Offers You Should Know

Credit:

Justin Edmonds/Getty Images.

Jun 24, 2020, 12:35 AM EDT
  • Sports betting has been legal in Colorado since May 1, and we've already seen quite a few online sports betting sites and apps launch in the state.
  • Which Colorado sportsbooks are the best for you?
  • Below, we'll detail the 5 top Colorado sports betting sites and apps, along with how you can claim thousands of dollars in bonus offers by signing up for a new account today!

Updated June 24, 2020

Sports betting in Colorado could not be easier: Anyone located inside the state can register, deposit and bet through a legal online sportsbooks without ever having to step foot inside a casino.

And lucky for you: New customers are eligible for awesome offers like these…

Bet on Golf & Get Up to $500 FREE
Full Review
100% Deposit Match
Get Bonus Funds Instantly
Great daily odds boosts

5 Best Colorado Sports Betting Sites & Apps

While someday we could see north of 30 online sportsbooks taking bets in Colorado, that won’t be the case initially. Here are the books live now, along with their bonus offers:

  1. BetMGM: $500 INSTANT deposit match
  2. DraftKings: $1,000 sign-up bonus
  3. FanDuel: First bet risk-free up to $500
  4. FoxBet: $1,000 sign-up bonus
  5. BetRivers: $250 deposit match

Here are some more detail on each…


BetMGM Sportsbook

BetMGM Promo Code & Bonus Offer

BetMGM’s new-customer offer is very simple: You get a 100% deposit match up to $500. And the deposit match is INSTANT, meaning if you deposit $500 in cash, you’ll immediately have another $500 in bonus funds deposited into your account. You can withdraw whatever you turn those $500 in bonus bets into after you wager $1,000 (2x the bonus amount). Claim this offer now.

Bet on Golf & Get Up to $500 FREE
Full Review
100% Deposit Match
Get Bonus Funds Instantly
Great daily odds boosts

What’s the Best Way to Deposit?

BetMGM is one of the few sportsbooks that accepts deposits via American Express, if you’re into that sort of thing. PayPal and online bank transfers are also very easy ways to fund your BetMGM account in Colorado.

BetMGM Review

Action Rating: 9.2 out of 10

While BetMGM’s app has some occasional issues, it’s very easy to deposit and withdraw funds, and the sportsbooks does a good job of keeping you engaged with daily odds boosts that are available to all customers.

[Read our full BetMGM review here]

Where Else Is BetMGM Legal?

BetMGM has been legal in New Jersey for a while, and recently started taking bets in Indiana and West Virginia.


DraftKings Sportsbook

DraftKings Sportsbook Promo Code & Bonus Offer

So, technically speaking, DraftKings doesn’t have a promo code. Click this link and you’ll automatically be eligible to accept DK’s $1,000 sign-up bonus for new customers. A few more details on that bonus: $500 of it is in the form of a first bet match, meaning that DraftKings will match your first bet instantly in the form of free bets. (You bet $500 on the Broncos to win the Super Bowl, you’ll get $500 in free bets instantly.) The other $500 of it is a deposit match. Check out the full details for DraftKings’ bonus offer here.

$1,000 Sign-Up Bonus
Full Review
Matched 1st bet up to $500
Deposit bonus up to $500
No promo code needed

What’s the Best Way to Deposit?

DraftKings accepts deposits via PayPal and online banking, which tend to be the smoothest. You can also deposit via Visa, Mastercard and Discover, though some specific credit and debit cards may not go through on the first attempt.

DraftKings Review

Action Rating: 9.7 out of 10

DraftKings has the best app among sports betting operators. It’s easy and intuitive to use, it’s great for live betting, and it processes withdrawals quickly (we’ve seen them come through in less than 24 hours).

[Read our full DraftKings Sportsbook review here]

Where Else Is DraftKings Legal?

DraftKings also operates its sportsbook in New Jersey, Pennsylvania, Indiana and West Virginia.


FanDuel Sportsbook

FanDuel Sportsbook Promo Code & Bonus Offer

FanDuel does not require you to use a promo code to take advantage of its staple offer: just click this link to qualify for a $500 risk-free bet for new customers. You’ll want to factor this offer into your deposit amount, because FanDuel will basically free-roll your first bet, up to $500. If your first bet is $10 and it loses, you’ll get $10 in bet credits. If it’s $100 and it loses, you’ll get $100 in bet credits. In order to get the full $500 risk-free bet, you have to first bet $500. No matter the initial amount of your first wager, any bonus bets you receive at FanDuel only need to be put back into play once before you can withdraw them. Claim this offer now.

Get a $500 Risk-Free Bet
Full Review
$500 free-roll on first bet
Only 1x rollover
Link for CO only

What’s the Best Way to Deposit?

FanDuel doesn’t allow deposits via Discover, but pretty much every other method is accepted: PayPal, online banking transfer, Visa and Mastercard.

FanDuel Sportsbook Review

Action Rating: 9.5 out of 10

FanDuel is arguably the most well-know player in this new age of sports betting. While its app isn’t as smooth as DraftKings’, FanDuel offers a ton of different bet types and props both pregame and in-game. The sportsbook also does a good job of giving existing customers some no-brainer bets from time-to-time.

One example: For a marquee 76ers-Bucks NBA game, FanDuel moved the 76ers’ spread 1 point for every 1,000 bets it took on Philly. That resulted in the spread closing at 76ers +54.5, which obviously covered, netting thousands of bettors $50 of free money. FanDuel doesn’t do these type of things weekly, but they’ll surprise you with some good offers around a Colorado sports team at some point.

Where Else Is FanDuel Legal?

Similar to DraftKings, FanDuel Sportsbook is live in New Jersey, Pennsylvania, Indiana and West Virginia.


Fox Bet Sportsbook

Fox Bet Promo Code & Bonus Offer

Fox Bet offers new customers up to a $1,000 sign-up bonus. That bonus is split into two: The first part is a risk-free bet of up to $500, and the second part is a deposit match up to $500. With the deposit match, the book will match 50% of the amount you first put into your account, meaning a $1,000 deposit could result in a bonus of $500.

The bonus payment comes in increments of $10 for every $250 wagered, meaning you’ll have to play through $250 several times in order to see your full bonus.

$1,000 sign-up bonus
Full Review
$500 risk-free bet
$500 deposit bonus
CO link only

What’s the Best Way to Deposit?

Fox Bet offers a variety of ways to deposit into your account, but the most popular methods are online banking/eChecks and PayPal. Because The Stars Group owns both Fox Bet and PokerStars, you can also fund your account via the PokerStars Play+ Card.

Fox Bet Review

Action Rating: 9.4 out of 10

Fox Bet’s app is very user-friendly, and their two-tiered bonus is nice. It would be better if the deposit match didn’t require such a high rollover, but very few books are offering both a risk-free bet AND a deposit match, so view that portion as a nice, ahem, bonus.

Where Else Is Fox Bet Legal?

Fox Bet is legal in both New Jersey and Pennsylvania, and recently launched in the state of Colorado.


BetRivers Sportsbook

BetRivers Promo Code & Bonus Offer

Clicking this link and using the promo code 250MATCH unlocks a 100% deposit match up to $250. This means that your deposit will be matched dollar-for-dollar in the form of bonus funds. The best part is that you get your bonus bets right away, so if you deposit $250, you’ll have $500 to work with from the start. This bonus is only subject to a 1x rollover, meaning once you put those $250 in bonuses into play, the winnings will be transferred to your cash balance, which you can withdraw. Claim this offer now.

$250 deposit match
Full Review
Use code 250MATCH
100% Deposit Match
Get bonus funds right away

What’s the Best Way to Deposit?

PayPal or an online banking transfer tend to be the best bets, but BetRivers gives you plenty of other options: Visa, Discover, Mastercard, Play+ and PayNearMe.

BetRivers Review

Action Rating: 9.1 out of 10

BetRivers’ new customer bonus is among its best features. The sportsbook offers plenty of bet types and offers users the ability to cash out of existing bets in-game, which is always a great option to have. The biggest negative of Bet Rivers: Its website/app isn’t as slick as some of its competitors.

[Read our full BetRivers review]

Where Else Is BetRivers Legal?

BetRivers is live with online sportsbooks in Pennsylvania and Indiana. It’s owned by Rush Street Gaming, which also operates sister sportsbook SugarHouse in New Jersey and Pennsylvania.


More Colorado Sports Betting Coverage

How would you rate this article?
Follow Scott T. Miller on Twitter
@byscottmiller